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Coastal Prairie - Middle (LMA 21)
Rural Land Prices

Counties: Calhoun, Jackson, Matagorda, Victoria, Wharton

Year Median
Tract Size
(acres)
Nominal Real
Median*
Price
Per Acre
Percentage
Change
Annual
Compound
Growth
Rate
From 1966
Median*
Price
per Acre
Percentage
Change
Annual
Compound
Growth
Rate
From 1966
1966 102 280 - - 280 - -
1967 109 250 -11 -11 242 -14 -14
1968 214 269 8 -2 250 3 -6
1969 160 350 30 8 310 24 3
1970 100 345 -1 5 290 -6 1
1971 110 381 10 6 305 5 2
1972 100 425 12 7 327 7 3
1973 148 436 3 7 317 -3 2
1974 155 525 20 8 350 10 3
1975 108 650 24 10 396 13 4
1976 161 632 -3 8 364 -8 3
1977 106 794 26 10 431 18 4
1978 123 850 7 10 431 0 4
1979 160 942 11 10 441 2 4
1980 160 1000 6 10 429 -3 3
1981 210 1200 20 10 470 10 4
1982 121 1200 0 10 443 -6 3
1983 113 1250 4 9 444 0 3
1984 135 1275 2 9 437 -2 2
1985 80 1250 -2 8 416 -5 2
1986 125 1000 -20 7 325 -22 1
1987 136 800 -20 5 253 -22 0
1988 107 756 -5 5 232 -9 -1
1989 100 800 6 5 236 2 -1
1990 120 800 0 4 227 -4 -1
1991 100 775 -3 4 213 -6 -1
1992 118 700 -10 4 188 -12 -2
1993 116 686 -2 3 180 -4 -2
1994 95 750 9 4 193 7 -1
1995 97 800 7 4 201 5 -1
1996 100 700 -12 3 173 -14 -2
1997 101 850 21 4 206 19 -1
1998 84 882 4 4 212 3 -1
1999 100 893 1 4 211 0 -1
2000 77 1000 12 4 232 10 -1
2001 95 1034 3 4 234 1 -1
2002 108 900 -13 3 200 -14 -1
2003 124 1000 11 3 218 9 -1
2004 103 1219 22 4 258 19 0
2005 97 1627 33 5 335 30 0
2006 110 1800 11 5 359 7 1

Source: Real Estate Center at Texas A&M University.
Note: Real values are in 1966 dollars.
* State medians are an average of the land market area medians weighted by the percentage of land in each area.

 
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